Public Charity

OCEAN INC

OCEAN INC, of TOMS RIVER, NJ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $14.1M in revenue, $15.3M in expenses, $22.7M in total assets. 5 publicly reported grants to this organization, totaling roughly $100K, appear in IRS filings.

EIN: 221804345 TOMS RIVER, NJ Latest filing: 2025
Total Revenue$14.1M
Total Expenses$15.3M
Total Assets$22.7M
Grant Records5
Funding Total$100K
Filing Years2021–2025

Mission

ADMINISTRATION OF FEDERAL HEAD START PROGRAM, WEATHERIZATION PROGRAMS, RENTAL ASSISTANCE PROGRAMS AND OTHER ASSISTANCE TO LOW INCOME FAMILIES.

Where $100 goes at Ocean Inc

How Ocean Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$36
Head start includes the head start child development program, which is a comprehensive preschool program for children ages 3-5 years old from disadvantaged families
41% of program spending
$22
Weatherization programs include the liheap and usf (low income home energy assistance and universal service fund) - designed to address the needs of cost-burdened, low-income Ocean county residents…
25% of program spending
$20
Other programs include home energy assistance programs, affordable housing, first-time homebuyers, and more
22% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHAIRPERSON Anita Woolery
CHIEF FINANCIAL OFFICER Beth Hudson
MEMBER Carmen Mora
VICE CHAIRPERSON Glynis Jean Wray
MEMBER Henry A Jackson
MEMBER Jennifer L Barnes Esq

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$65,000 2 grants
General Support
$30,000 2 grants
Health & Medicine
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $14.1M $15.3M $22.7M
2024 $15.0M $14.8M $24.0M
2023 $15.8M $14.0M $23.4M
2022 $14.5M $14.3M $22.3M
2021 $17.3M $15.4M $23.3M

Between 2021 and 2025, reported annual revenue declined from $17.3M to $14.1M (-19%), with total assets most recently reported at $22.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for OCEAN INC

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